Binary options police. 2, people have reported being a victim of Binary Options fraud to Action Fraud since • Victims have reported to have lost £59,, • The average person loses £22, • Police and Trading Standards visited offices in the City to speak with businesses to help build an intelligence picture.

In a largely expected move, given the worldwide crackdown on binary options, the City of London Police today reported that it had conducted a day of action on October 17, There are not many details about the results of the action day.

The authorities and the police will now seek to establish information about the company in question and to investigate whether it was possibly a boiler room. The day of action used Operation Broadway tactics. This means that the police officers visited businesses occupying serviced offices and reviewed their compliance documents. The action is barely surprising given the latest actions against binary options firms in the United States and Israel. Each count carries a potential maximum 20 years in prison.

Meanwhile, the number of people falling victim to binary options fraud is rising. The UK government has sought to impose new rules set to boost transparency of Scottish Limited Partnerships, which are often fronting for binary options firms.

And yet, most such companies have failed to comply with the new regulations. The FCA is to take over the regulation of the binary options sector but risks of losses will remain high. The call comes after a survey among Britons aged above 55 years showed they are more likely to report accidents with spilled liquids in the supermarket than a suspected investment fraud. The company traded from the website www.

Salespeople were allegedly making phone calls to victims and duping them into investing in a crypto currency. On September 7 this year, we began lobbying Southampton FC in an attempt to make them drop their sponsorship deal with […]. Industry News , Retail FX Binary options regulation in the UK to change from Jan but protection to remain limited The FCA is to take over the regulation of the binary options sector but risks of losses will remain high.

Industry News , Retail FX FCA advises those affected by investment scams to speak up The call comes after a survey among Britons aged above 55 years showed they are more likely to report accidents with spilled liquids in the supermarket than a suspected investment fraud. Industry News , Retail FX City of London Police arrest man over crypto currency scam Salespeople were allegedly making phone calls to victims and duping them into investing in a crypto currency.

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